Based on 900 Provence Place, LITH kWh Cost

Actuals
from School
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14
Average
Monthly
Total
Electricity Supply Charge 0.05 $ kWh-Meter 120,144 108,921 75,555 129,422 123,627 100,921 113,762 111,776 122,451 118,257 93,788 101,615 110,020 1,320,239 108,325.59 $ <-- Price based on kWh cost
Transmission Services Charge 0.01 $ 32,156.40 $ <-- Total other charges
Distribution Facilities Charge 0.02 $ Total Cost Estimate Per Year: 140,482.00 $
Il Electricity Distribution Charge 0.00 $
Environmental Cost Recovery Fee 0.00 $
Energy Efficiency Programs 0.00 $
Total Variable Cost: 0.08 $ 59.24 $
Other Charges (Based on 722kWh)
Franchise Cost 0.75 $
Purchased Electricity Adjustment 3.19 $
Customer Charge 15.37 $
Standard Metering Charge 3.32 $
State Tax 2.38 $
Total Other Charges: 25.01 $
Total: 84.25 $
Estimate for PV System:
Total kWh used for estimate / month: 110,020
Percent of Total Energy Cost: 100
Peak Sun Hours / Day: 4.2
Total Watts needed / Day: 1,135,126
Total kWh needed / Day: 1,135
System Size / Unit: 24400 Watts
System Cost / Unit: 37,737 $
Total # of Systems Needed: 47 Total Watts divided by total system size for (1) Unit
Total Installation: 702,234 $ Estimated at 40% of total system cost (Unit Cost x # of Units x 0.40)
Total Solar PV Systems Cost: 1,755,584 $
Total Installed System Cost: 2,457,818 $
Federal Tax Credit Percent: 30%
Federal Tax Credit $: 737,345.28 $ (Total installed system cost x Tax Credit percent)
Total Cost Minus Federal tax Credit: 1,720,472.33 $ <-- Apply for grant $ through...
Payback Period: Savings/yr Running Total
July 14 to Dec 14 70,241.00 $ 70,241.00 $
2015 140,482.00 $ 210,722.99 $
2016 140,482.00 $ 351,204.99 $
2017 140,482.00 $ 491,686.99 $
2018 140,482.00 $ 632,168.98 $
2019 140,482.00 $ 772,650.98 $
2020 140,482.00 $ 913,132.97 $
2021 140,482.00 $ 1,053,614.97 $
2022 140,482.00 $ 1,194,096.97 $
2023 140,482.00 $ 1,334,578.96 $
2024 140,482.00 $ 1,475,060.96 $
2025 140,482.00 $ 1,615,542.96 $
2026 140,482.00 $ 1,756,024.95 $ <--Savings Exceeds original cost